Fine Gael and the Labour Party not only invited the vulture funds
into the country to prey on ordinary people, they also changed the law to make it easier to oust tenants.
Instead of dealing with the crisis, Fine Gael has added to it by inviting in vulture funds
and relying on the private rental sector.
A senior official at the Central Bank of Ireland has informed the government that the Sinn Fein Bill that gives mortgage holders a veto on their loans being sold to vulture funds
, could have severe unintended consequences.
Mozambique is now in a serious debt crisis, facing cuts to public services like healthcare and education, and could be sued in UK courts by vulture funds
seeking a large profit on the debt.
US "vulture funds
" have tightened their grip on the operative Bank after a PS700million rescue.
Hedge fund players such as Elliott Management and Aurelius Capital are frequently derisively called vulture funds
in Latin America because of their propensity to first buy distressed debt at a loss for other lenders and then turn to the U.S.
Summary: By easing foreign investment norms in stressed assets, the Budget paves the way for the entry of global vulture funds
However, the situation in Argentina, unfolding since 2001, has provided a stark example of why change is needed at the domestic and international level to address the growing problem of vulture funds
' presence in the sovereign debt markets.
This article focuses on vultures operating in sovereign debt and has two primary goals, first, to explain how vulture funds
operate, and second, to consider the social value of their activities.
Without DIKO's votes the bill would have been defeated as the rest of the opposition parties resorted to their populist antics based on the myth that they were protecting small businesses and poor households from the "vulture funds
NEW YORK (CyHAN)- The General Assembly today (10 Sept) approved a resolution on sovereign debt restructuring in response to Argentina's "vulture funds
" crisis and growing concerns about sovereign debt problems elsewhere.